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Cray Inc (CRAY.O)

CRAY.O on Nasdaq

18.60USD
26 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Cray Q2 loss per share $0.17
4:05pm EDT 

July 27 (Reuters) - Cray Inc :Cray Inc. Reports second quarter 2017 financial results.Q2 non-GAAP loss per share $0.20.Q2 loss per share $0.17.Q2 revenue $87.1 million versus $100.2 million.Q2 revenue view $66.4 million -- Thomson Reuters I/B/E/S.Q2 earnings per share view $-0.53 -- Thomson Reuters I/B/E/S.Sees Q3 2017 revenue about $60 million.Sees FY 2017 revenue $400 million.Cray inc says GAAP and non-GAAP gross margins for year are expected to be in low-to-mid 30% range.  Full Article

Cray to expand storage portfolio through strategic transaction and partnership with Seagate
Wednesday, 26 Jul 2017 07:15pm EDT 

July 26 (Reuters) - Cray Inc :Cray to expand storage portfolio through strategic transaction and partnership with Seagate.Cray expects net impact of transaction for Cray to be in range of breakeven for 2018.Expects to add more than 100 employees, primarily in research and development, customer service and channel and reseller support.  Full Article

Cray Inc says company commenced implementing a restructuring plan​
Wednesday, 19 Jul 2017 09:13am EDT 

July 19 (Reuters) - Cray Inc :Cray Inc - ‍on July 18, 2017, Cray Inc commenced implementing a restructuring plan​.Cray Inc - ‍expects to reduce its workforce by about 190 employees​.Cray Inc - majority of cash payments related to restructuring charges are expected to be paid during quarterly period ending September 30, 2017.Cray Inc says once restructuring plan fully implemented, company anticipates annualized savings from actions will be in range of $25.0 million.Cray says ‍in connection with restructuring plan, estimates that it will incur aggregate restructuring charges in range of $10.0 million - SEC filing​.Cray Inc - remainder of cash payments related to restructuring charges expected to be paid over following quarters after quarter ending September 30, 2017.Cray Inc - part of annualized savings from restructuring will benefit gross margin, but a significant majority will affect operating expenses.  Full Article

Cray, Markley partner to provide supercomputing as a service
Tuesday, 16 May 2017 03:01am EDT 

May 16 (Reuters) - Cray Inc ::Markley and cray partner to provide supercomputing as a service.  Full Article

Cray reports Q1 revenue $59 million
Tuesday, 2 May 2017 04:05pm EDT 

May 2 (Reuters) - Cray Inc :Cray Inc. reports first quarter 2017 financial results.Q1 non-GAAP loss per share $0.71.Q1 loss per share $0.48.Q1 revenue $59 million versus I/B/E/S view $55.3 million.Sees Q2 2017 revenue about $60 million.Sees FY 2017 revenue $400 million to $450 million.Q1 earnings per share view $-0.50 -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $-0.14, revenue view $584.9 million -- Thomson Reuters I/B/E/S.Q2 earnings per share view $-0.40, revenue view $79.3 million -- Thomson Reuters I/B/E/S.Cray inc says non-gaap operating expenses for 2017 are expected to be roughly flat with 2016 levels.  Full Article

Cray reports 2016 full year and Q4 financial results
Wednesday, 8 Feb 2017 04:05pm EST 

Cray Inc : Due to current market conditions, company has limited visibility into 2017 . Cray Inc says GAAP and non-GAAP gross margins for year are expected to be in low-mid 30% range in Q1 . Q1 revenue view $86.5 million -- Thomson Reuters I/B/E/S . Cray Inc - In 2017 "company continues to believe it will be difficult to grow revenue compared to 2016" . Cray Inc. reports 2016 full year and fourth quarter financial results . Q4 non-GAAP earnings per share $1.38 . Q4 earnings per share $1.27 . Q4 revenue $346.6 million versus I/B/E/S view $346.8 million . Sees Q1 2017 revenue about $55 million .Q4 earnings per share view $1.23 -- Thomson Reuters I/B/E/S.  Full Article

Cray sees FY 2016 revenue about $630 million
Monday, 9 Jan 2017 05:00pm EST 

Cray Inc : Cray announces selected preliminary 2016 financial results . Sees FY 2016 revenue about $630 million . Cray Inc - "for 2017, while a wide range of results remains possible, company currently believes it will be difficult to grow over 2016" . Cray Inc - company expects to be profitable on both a GAAP and non-GAAP basis for 2016 .Fy2016 revenue view $633.3 million -- Thomson Reuters I/B/E/S.  Full Article

Cray inc Q2 Non-GAAP $0.29
Tuesday, 2 Aug 2016 04:05pm EDT 

Cray Inc [CRAY.O] : Revenue for q2 of 2016 was $100.2 million, which compares with $186.2 million in q2 of 2015 . Net loss for q2 of 2016 was $13.1 million, or $0.33 per diluted share . Non-Gaap net loss was $11.4 million, or $0.29 per diluted share for q2 of 2016 . Gaap and non-gaap gross margin for year is expected to be in range of 34%. . Expects to be profitable on a gaap and non-gaap basis for 2016. .For 2016, company now expects revenue to be in range of $650 million.  Full Article

Cray announces multiple contracts for new supercomputing solutions
Tuesday, 21 Jun 2016 03:01am EDT 

Cray Inc : announces multiple contracts for new supercomputing solutions spanning its product portfolio .Contracts for supercomputing solutions was from customers in japan, united kingdom, and united states.  Full Article

BRIEF-Cray Q2 loss per share $0.17

* Q2 earnings per share view $-0.53 -- Thomson Reuters I/B/E/S